The slump in energy commodities and copper shows the fragility of the global economy and the risks to the consensus’s reflation trade. It is easy to blame the recent fall of commodity prices on the coronavirus outbreak, but the weakness was already evident before the outbreak.
The headline was unambiguous: “Brexit Is Done: The U.K. Has Left the European Union.” As of January 31, the European Union (Withdrawal) Act of 2018 has become law and the United Kingdom has begun the withdrawal process from the European Union. The transition process will continue throughout 2020 as the UK and EU governments negotiate the nature of the future relationship between the UK and the EU.
The complex issues relating to the interpretation and meaning of different concepts of probability and to the legitimate scope of their useful application in the social sciences and in economics belong to the more controversial topics within the subfield of economic methodology. Several of the most influential economists have expounded outspoken views about the matter.
Dr. Joe Salerno recently penned a response to economist Tyler Cowen’s call for “State Capacity Libertarianism.” It’s a very important essay, and I encourage you to read it.
[And Rightly So: Selected Letters and Articles of Neil McCaffrey. Edited by Peter S. Kwasniewski. Roman Catholic Books, 2019. 386 pages.]
The Understanding Money Mechanics series by Robert P. Murphy, is a comprehensive overview of the theory, history, and practice of money and banking, with a focus on the United States.
Albert Lu: I’m joined today by Nomi Prins, the author of Collusion and former managing director of Goldman Sachs. Nomi thanks for joining me again. How are you?
Nomi Prins: I’m doing great. Thank you so much for having me on.
